Still a strong uptrend

I think over the coming days we will see USD/JPY carry on pushing higher. As you can see by the chart it is at the top of trend regression and so we should see a small dip as the RSI calms down. The ADX is continuing to show a strong trend and we are just coming out the back of a tea cup pattern. You can see the technical analysis is also pointing towards a Strong Buy however watch out for the price dipping under the moving average. At this moment I think we will see a small amount of resistance however I think the pair will carry on pushing upwards towards the 111 figure over the coming days. We need to watch out for the 110.350 level we are passing through now as this has been an important resistance level in the past.